The Bank of Tokyo-Mitsubishi (BTM) has extended its use of financial software company Cognotec’s online foreign exchange trading system in Japan.The bank has licensed Cognotec’s AutoDeal+, a multi-channel forex trading system, in addition to AutoDeal Lite, which BTM has used since 2001 to automate foreign exchange pricing and trading for its clients. The extension of Cognotec's services comes in conjunction with the bank’s roll-out of its own branded forex trading platform, FX@BTM.
Kenichi Nakao, senior manager of BTM’s foreign exchange and treasury division, said: “On the FX@BTM service, our clients and branches enjoy real-time foreign exchange price updates and much improved internal workflow because of the ease of importing trade data into their own internal applications. The Cognotec AutoDeal+ service also gives us a means to easily integrate into our own internal systems for real-time position keeping, settlement and pre-deal credit checking.”
More on Technology
Business strategies must be able to leverage technologies with right attitudes in place, say C-Level panelists.
Derivatives venues, underlying ledger technology in focus.
Numerix stays ahead of the pack; run close by Bloomberg and Thomson Reuters
Julia Philipp recommends targeted defences, data sharing and response planning
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.